The Used Car Market is Seriously Up
For the past few months we’ve noted that the aftermath of the pandemic has placed the new and used car market in an upheaval that leaves many of us scratching our heads as to what this means and wondering how long it will last.
The good news is that in spite of many models not currently being available (as immediately as we were used to in the past), that there are still some exceptional deals if you are not overly picky when it comes to trim and features.
The better news, however, is that if you are the owner of a popular model---even if it is high in mileage on the odometer or not in the best of physical condition---you stand a good chance of being able sell your used car at a price that is hard to believe.
And that’s what we’ve been hearing in the news---but can we trust it?
As it turns out, you can. Recently, sellers of used vehicles are reporting that in some cases they have either sold their used car or been offered a buy-back from dealers for more than what they paid for their vehicle brand-new one to two years ago.
That said, here is a video from the Maintenance Toyota YouTube channel hosted by our favorite mechanic who tells us that Toyota used vehicle prices are higher today than they were when they were purchased new---especially if you are a Toyota Tundra owner. And, be sure to check out the video comments to see what others are discovering as well.
Toyota Used Car Prices Higher Than New?
Stay Tuned for More…
For informative articles about buying used and new cars; repairing, maintaining and caring for your car; or, avoiding scams involving your car, be sure to check out our past and future articles for the latest news that can not only help you save money, but in some cases might even help you make money with your vehicle.
If you do not own your car, here is some good advice on "When Buying Your Leased Car Is The Right Choice For You."
Timothy Boyer is Torque News Tesla and EV reporter based in Cincinnati. Experienced with early car restorations, he regularly restores older vehicles with engine modifications for improved performance. Follow Tim on Twitter at @TimBoyerWrites for daily Tesla and electric vehicle news.